Radian Group Inc. (NYSE:RDN) Given Average Recommendation of “Hold” by Analysts

Shares of Radian Group Inc. (NYSE:RDN) have been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $40.00.

RDN has been the topic of a number of research analyst reports. Zacks Research cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Barclays boosted their price target on Radian Group from $35.00 to $37.00 and gave the stock a “cautious” rating in a research report on Monday, October 6th. UBS Group cut their price objective on Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Roth Capital restated a “buy” rating and issued a $45.00 price target on shares of Radian Group in a research note on Friday, January 2nd. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Radian Group in a report on Monday, December 29th.

Radian Group Stock Down 1.1%

RDN stock opened at $35.66 on Friday. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 8.89 and a beta of 0.82. Radian Group has a twelve month low of $29.32 and a twelve month high of $38.84. The business has a 50 day moving average price of $35.53 and a two-hundred day moving average price of $34.97. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.24.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $1.15 EPS for the quarter, beating the consensus estimate of $0.95 by $0.20. The company had revenue of $303.19 million during the quarter, compared to the consensus estimate of $308.77 million. Radian Group had a return on equity of 13.29% and a net margin of 45.90%.The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS. Analysts anticipate that Radian Group will post 3.79 EPS for the current fiscal year.

Radian Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were paid a $0.255 dividend. The ex-dividend date was Monday, November 24th. This represents a $1.02 dividend on an annualized basis and a yield of 2.9%. Radian Group’s dividend payout ratio is 25.44%.

Insider Activity

In other news, EVP Eric Ray sold 13,957 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $35.60, for a total transaction of $496,869.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.01% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Radian Group

A number of large investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV grew its stake in shares of Radian Group by 0.9% during the third quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider’s stock worth $1,208,000 after buying an additional 288 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Radian Group by 16.7% in the third quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the insurance provider’s stock valued at $79,000 after purchasing an additional 310 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Radian Group by 66.7% in the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock valued at $29,000 after buying an additional 318 shares during the period. Smartleaf Asset Management LLC raised its holdings in Radian Group by 14.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock valued at $97,000 after buying an additional 344 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Radian Group by 14.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock worth $91,000 after buying an additional 357 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Company Profile

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.